Denmark | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.20 0.3 0.4 0.4 0.5 0.8 percent [+]
Unemployment Rate 4.20 4.2 4.1 4.1 4.1 4.7 percent [+]
Inflation Rate 1.00 0.7 0.8 1 1.1 2.1 percent [+]
Interest Rate -0.65 -0.65 -0.45 -0.45 -0.25 0.5 percent [+]
Balance of Trade 4999.40 8745 2854 4803 1225 1566 DKK Million [+]
Government Debt to GDP 40.20 42.94 41.28 39.61 37.95 38.13 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 6.92 7.12 7.19 7.26 7.4 8.46 [+]
Stock Market 906.21 908 898 889 871 733 points [+]
Government Bond 10Y 0.67 0.2 0.2 0.21 0.21 0.24 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.20 0.3 0.4 0.4 0.5 0.8 percent [+]
GDP Annual Growth Rate 1.90 1.7 1.5 1.5 1.6 2 percent [+]
GDP 295.09 299 300 297 303 322 USD Billion [+]
GDP Constant Prices 487736.00 488867 489802 490596 491152 492754 DKK Million [+]
Gross National Product 506985.00 516888 519943 521003 521409 518304 DKK Million [+]
Gross Fixed Capital Formation 99070.00 98876 99059 99619 100006 100370 DKK Million [+]
GDP per capita 58098.29 58390 58458 58526 58595 59647 USD [+]
GDP per capita PPP 43333.48 43630 43721 43812 43902 45352 USD [+]
GDP From Agriculture 6251.00 6094 6190 6654 6261 6276 DKK Million [+]
GDP From Construction 22234.00 20928 22053 21749 22258 22101 DKK Million [+]
GDP From Manufacturing 63383.00 60765 62947 61044 63076 63053 DKK Million [+]
GDP From Mining 6487.00 6076 6675 6423 6405 6372 DKK Million [+]
GDP From Public Administration 94835.00 95100 95420 95148 94977 94710 DKK Million [+]
GDP From Transport 84476.00 77511 86172 84119 84923 85035 DKK Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 4.20 4.2 4.1 4.1 4.1 4.7 percent [+]
Employed Persons 2746.00 2740 2757 2751 2749 2752 Thousand [+]
Unemployed Persons 89.50 88.66 87.32 86.13 85.11 80.13 Thousand [+]
Long Term Unemployment Rate 1.20 1.28 1.23 1.22 1.2 1.16 percent [+]
Youth Unemployment Rate 12.50 12.41 12.47 12.42 12.42 12.4 percent [+]
Labour Costs 107.22 107 108 108 108 109 Index Points [+]
Productivity 124.62 124 123 124 124 124 Index Points [+]
Wages 38957.98 38461 38556 38650 38745 38019 DKK/Month [+]
Wages in Manufacturing 134.40 135 138 137 137 146 Index Points [+]
Population 5.71 5.7 5.72 5.73 5.74 5.87 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.40 0.43 0.41 0.42 0.42 0.42 percent [+]
Employment Rate 65.50 65.4 65.35 65.33 65.32 65.32 percent [+]
Full Time Employment 2027.90 2009 2008 2023 2022 2016 Thousand [+]
Part Time Employment 717.20 728 742 738 733 738 Thousand [+]
Job Vacancies 28423.00 31843 32130 30563 29532 30738 [+]
Labor Force Participation Rate 69.80 69.77 69.71 69.7 69.7 69.7 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.00 0.7 0.8 1 1.1 2.1 percent [+]
Harmonised Consumer Prices 100.70 101 101 101 101 104 Index Points [+]
Consumer Price Index CPI 101.10 101 101 102 102 104 Index Points [+]
Core Consumer Prices 101.20 101 101 101 101 101 Index Points [+]
Core Inflation Rate 0.60 0.57 0.58 0.58 0.58 0.58 percent [+]
GDP Deflator 107.63 108 108 108 109 113 Index Points [+]
Producer Prices 109.00 112 114 116 118 129 Index Points [+]
Export Prices 118.20 119 119 119 119 119 Index Points [+]
Import Prices 116.60 116 116 116 116 116 Index Points [+]
Food Inflation 2.60 2.81 3.03 3.18 3.24 3.29 percent [+]
Cpi Transportation 100.50 101 100 99.93 99.96 99.98 Index Points [+]
Producer Prices Change 1.30 1.5 1.6 1.8 1.9 2.5 percent [+]
Inflation Rate Mom 0.80 0.23 -0.08 0.12 0.04 0.07 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate -0.65 -0.65 -0.45 -0.45 -0.25 0.5 percent [+]
Interbank Rate -0.25 -0.24 -0.24 -0.24 -0.24 -0.24 percent [+]
Money Supply M0 60863.30 60929 61066 60987 61015 61012 DKK Million [+]
Money Supply M1 1163622.00 1157004 1172037 1179858 1183276 1187456 DKK Million [+]
Money Supply M2 1266974.00 1254400 1266288 1273082 1275936 1281122 DKK Million [+]
Money Supply M3 742108.00 337940 197639 115403 87912 54036 DKK Million [+]
Banks Balance Sheet 3923829.40 3951843 3936694 3963666 3941188 3943158 DKK Million [+]
Foreign Exchange Reserves 466600.00 469613 470544 470743 470777 470779 DKK Million [+]
Loans to Private Sector 343.91 345 345 345 345 346 DKK Billion [+]
Deposit Interest Rate 2.40 2.52 2.46 2.4 2.33 2.35 percent [+]
Central Bank Balance Sheet 504.24 504 504 503 503 503 DKK Billion [+]
Private Debt to GDP 257.12 252 251 249 248 240 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 4999.40 8745 2854 4803 1225 1566 DKK Million [+]
Exports 53033.20 53742 53763 54003 53993 54002 DKK Million [+]
Imports 48033.80 49474 49144 49368 49336 49355 DKK Million [+]
Current Account 14549.00 5140 4101 15053 4611 877 DKK Million [+]
Current Account to GDP 7.10 6.7 6.7 7.18 7.06 7.27 percent [+]
External Debt 11899.00 11196 11112 11082 11070 11064 DKK Million [+]
Terms of Trade 104.00 104 104 104 104 104 Index Points [+]
Capital Flows 69.00 -99.64 -131 -139 -142 -143 DKK Million [+]
Gold Reserves 66.55 66.55 66.55 66.55 66.55 66.55 Tonnes [+]
Crude Oil Production 149.00 142 142 142 142 142 BBL/D/1K [+]
Foreign Direct Investment 683.90 654 641 627 614 551 DKK Billion [+]
Terrorism Index 2.15 0.27 0.28 0.29 0.3 0.13 [+]
Weapons Sales 15.00 30.51 29.89 29.27 31.22 34.56 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 40.20 42.94 41.28 39.61 37.95 38.13 percent [+]
Government Budget -2.10 -2.8 -2.8 -2.18 -2.1 -0.3 percent of GDP [+]
Government Budget Value -12061.00 -13912 -4814 -12157 -5900 -7943 DKK Million [+]
Government Spending 124711.00 125008 125736 126147 126091 127329 DKK Million [+]
Government Spending to GDP 55.70 55.78 55.45 55.11 54.77 56.23 percent [+]
Government Revenues 263777.00 261313 272721 262743 273955 270158 DKK Million [+]
Government Debt 669.50 664 668 668 668 668 DKK Billion [+]
Fiscal Expenditure 275838.00 276319 277008 276554 279014 277965 DKK Million [+]
Asylum Applications 255.00 814 1042 961 899 919 persons [+]
Military Expenditure 4130.10 4097 4083 4068 4113 4076 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence -2.00 -2 -3 -1.96 -5 -6 [+]
Industrial Production 2.50 -2.5 -2.5 5.77 -0.2 1 percent [+]
Industrial Production Mom -4.80 -0.8 -0.8 0.01 3.2 3.3 percent [+]
Manufacturing Production 12.30 5.44 4.33 3.39 2.79 1.97 percent [+]
Capacity Utilization 79.30 78.97 79.15 79.2 79.54 81.13 percent [+]
New Orders 20.00 -2.2 -3.56 -0.58 -1.89 -2 [+]
Changes in Inventories 662.00 847 1138 1290 1431 2007 DKK Million [+]
Bankruptcies 307.00 337 522 476 473 478 Companies [+]
Car Registrations 17455.00 18117 18226 18326 18223 18230 Cars [+]
Competitiveness Index 5.35 5.33 5.33 5.33 5.33 5.35 Points [+]
Competitiveness Rank 12.00 12.66 12.66 12.66 12.66 10.97 [+]
Corporate Profits 222196.00 217684 220073 222463 224852 246778 DKK Million [+]
Ease of Doing Business 3.00 2.99 3.11 3.24 3.36 3.67 [+]
Electricity Production 3229.00 2881 2447 2678 2977 2783 Gigawatt-hour [+]
Corruption Index 90.00 91 90 90 89 91 Points [+]
Corruption Rank 1.00 1.81 1.98 2.16 2.33 4.75 [+]
Mining Production -0.90 -2.61 -4.14 -4.06 -4.04 -4.05 percent [+]
Manufacturing Pmi 57.32 59.21 57.95 57.38 56.97 55.73 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 6.20 4.4 6.4 2.8 7.6 4.4 [+]
Retail Sales MoM -0.10 0.1 -0.01 0 0 0 percent [+]
Retail Sales YoY -3.40 -1.4 2 1.9 0.2 0.6 percent [+]
Consumer Spending 224085.00 224342 224400 225249 224999 224997 DKK Million [+]
Disposable Personal Income 1031205.11 1004372 1012021 1019669 1027317 1183062 DKK Million [+]
Personal Savings 11.16 17.81 12.84 5.42 6.02 8.97 percent [+]
Consumer Credit 19023.00 19111 19249 19360 19482 19836 DKK Million [+]
Gasoline Prices 1.68 1.68 1.67 1.67 1.67 1.67 USD/Liter [+]
Households Debt To Gdp 120.70 121 121 121 122 122 percent of GDP [+]
Households Debt To Income 242.79 258 253 247 242 216 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output 4.60 5.24 4.67 5.27 5.27 5.27 percent [+]
Housing Index 116.97 112 111 108 105 100 Index points [+]
Home Ownership Rate 62.70 62.84 62.69 62.53 62.37 61.38 percent [+]
Housing Starts 1913.00 1844 1599 1683 1941 1851 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 22.00 22 22 22 22 22 percent [+]
Personal Income Tax Rate 55.80 55.8 55.8 55.8 55.8 55.8 percent [+]
Sales Tax Rate 25.00 25 25 25 25 25 percent [+]
Social Security Rate 8.00 8 8 8 8 8 percent [+]
Social Security Rate For Companies 0.00 0 0 0 0 0 percent [+]
Social Security Rate For Employees 8.00 8 8 8 8 8 percent [+]





Economic Forecasts for Denmark including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Denmark economy. 3/29/2017